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  "documentTitle": "Blurred lines: How FinTech is shaping Financial Services",
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      "text": "The ability to collaborate on both the strategic and business levels with a few key partners, in our view, could become a key competitive advantage in the coming years.",
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      "text": "Enhancing efficiency in loan origination and servicing; Improving clearing house functions used by banks; Facilitating access to securities; The application of smart contracts in relation to the Internet of Things (IoT).",
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      "text": "However, as seen in the survey responses, the knowledge of and likelihood to react to the developments in blockchain technology are relatively low. We believe that lack of understanding of the technology and its potential for disruption poses significant risks to the existing profit pools and business models. Therefore, we recommend a pro-active approach to identify and respond to the various threats and opportunities that this transformative technology presents. A number of start-ups in the field, such as R3CEV, Digital Asset Holdings and Blockstream are actively working to create entirely new business models that would lead to accelerated ‘Creative Destruction’ in the industry. The ability to collaborate on both the strategic and business levels with a few key partners, in our view, could become a key competitive advantage in the coming years.",
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      "text": "When faced with disruptive technologies, the most effective companies thrive by incorporating them into the way they do business. Distributed ledger technologies offer FS institutions a once-in-a-generation opportunity to transform the industry to their benefit, or not.",
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      "text": "18 PwC Global FinTech Report",
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